Evaluation of Internal Audit Process of Bengal Group of Industries

Abstract

Bengal Group of Industries (BGI) is one of the leading and fastest-growing diversified manufacturing conglomerates in Bangladesh with its footprint globally. Our eight business categories—food processing, plastics, rubber & melamine, textile & apparel, power & energy, hospitality, building materials, infrastructure, electronics, media & entertainment—cover a wide spectrum of industries, and we are well-established in each with the necessary resources. The privately held corporation, which today employs over 32,000 highly skilled workers across 28 plants and the head office, has organically evolved over the previous five decades. Over 50 years of manufacturing experience have helped us establish a reputation for quality around the world. The nation is able to export goods to more than 60 nations in the US, Europe, and Asia, which helps it generate foreign currency. Being a leader among the reputable and prosperous companies in Bangladesh, we are proud of our workforce and the numerous industries we work in to support the country's economy. One of the most prosperous sectors of the Bangladeshi economy is the plastics sector. Our daily lives have been altered by plastic. We work with products made of plastic in many different capacities. From the alarm clock in the morning to the dinner table, the coffee cup to the desktop computer, the bus to the airline, and so on, plastic plays a significant role in our daily lives. Plastics are frequently used in all aspects of our lives. Plastic improves and simplifies our lives. People are growing more and more reliant on the use of plastics as a result of its attributes, including its inertness, durability, flexibility, and versatility. In Bangladesh, the leather and textile industries are much older than the plastic sector. In the 1960s, the plastics industry was a fledgling one. The emergence of the free market economy in the early 1990s led to a rapid expansion of the plastics industry